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Skyline Responds to Cavco’s Interest to Acquire

October 1, 2014 by · Leave a Comment 

Editor’s Note: The following is an official statement from Skyline Corp. responding to Cavco Industries Inc.’s Sept. 26 announcement of its “interest in acquiring” the longtime Elkhart, Ind.-based manufactured housing and RV builder. Click here to view Cavco’s statement, which was issued shortly after news of a tentative agreement for Skyline to sell its RV interests to EverGreen Recreational Vehicles LLC. Click here to view the Skyline/EverGreen story posted on RVBusiness.com. Skyline... Read more

RVIA Elects Jayco’s Derald Bontrager Chairman

September 30, 2014 by · Leave a Comment 

Outgoing RVIA Chairman Doug Gaeddert passes gavel to Derald Bontrager Derald Bontrager, president and CEO of Jayco Inc., was elected Recreation Vehicle Industry Association (RVIA) chairman for fiscal year 2015 during the association’s board of meeting on Sept. 24 at The St. Regis Aspen Resort in Aspen, Colo. RVIA reported in a press release that Bontrager succeeds Doug Gaeddert, general manager for Forest River Inc., who served in the position the past two years. “The board has elected one of... Read more

RVB Announces ‘Top 50 Dealer’ Award Winners

September 29, 2014 by · Leave a Comment 

The newest class of U.S. and Canadian recreational vehicle retailers slated to receive 2014 RVBusiness Top 50 Dealer Awards during a Nov. 12 evening reception at the RV Dealers International Convention/Expo in Las Vegas is a virtual “Who’s Who” of U.S. and Canadian RV retailing — from smaller family-held stores to emerging independent chains during an era of rapid industry consolidation. At the head of the class, selected by a panel of industry experts that convened in September for some... Read more

RVIA: Shipments Gain 5.8% in Aug.; Up 9% YTD

September 29, 2014 by · Leave a Comment 

August wholesale shipments to retailers continued to cruise along, rising 5.8% above this same month last year to 26,441 units. As with recent months, towable RVs reflected the largest unit gains while motorhomes grew by the largest percentage gain. Motorhomes represented 15% of all shipments in the month of August this year the highest percentage of motorhome shipments in any single month since December of 2007.  Year to date, RV shipments through August have reached 246,483 units, representing... Read more

Cavco Interested in Acquisition of Skyline Corp.

September 27, 2014 by · Leave a Comment 

Cavco Industries Inc. announced Friday (Sept. 26) its interest in a potential acquisition of Skyline Corp., a publicly-traded company, at “a significant market premium.” The announcement came shortly after news of a tentative agreement to sell Skyline’s RV division to EverGreen Recreational Vehicles LLC was released. According to a press release, over the past several weeks, Cavco has attempted to open a dialogue with the board of directors of Skyline through a series of formal communications.... Read more

Thor Posts Record Revenue for 4Q, Fiscal Year

September 26, 2014 by · Leave a Comment 

Elkhart, Ind.-based Thor Industries Inc. today (Sept. 25) reported a 21% increase in net income for its fourth quarter on record revenue. Sales during the three-month period, ended July 31, grew 14% to $1.04 billion from $914 million a year ago as sales of both towable and motorized RVs posted double-digit growth. Net income from continuing operations for the fourth quarter was $66.8 million, or $1.25 per share, compared with $55.2 million, or $1.04 per share, in the prior-year fourth quarter.... Read more

Ketelsen Garners ROUTE 66 Larry Coker Award

September 25, 2014 by · 1 Comment 

Randy Ketelsen accepts Larry Coker Award Randy Ketelsen, president of Ketelsen Campers of Colorado, was honored with the Larry Coker Award at the 2014 ROUTE 66 Rally, Sept. 8-10 at the Hyatt Regency Resort in Scottsdale, Ariz. The network’s highest honor, the award recognizes a ROUTE 66 dealer who epitomizes the values, vision and brand-building of the network. Ketelsen, who knew Coker well, was emotionally moved when he realized he was this year’s recipient. “The moment was so special so,... Read more

11th Route 66 Rally Drives ‘Teamwork & Brand’

September 24, 2014 by · Leave a Comment 

Despite torrential rains in the Phoenix area resulting in widespread flooding, nearly 225 RV dealers attended the 2014 Route 66 Rally, Sept. 8-10 in Scottsdale. “Rain in Phoenix? While they said it wouldn’t happen, fortunately we had an indoor plan locked and loaded,” said Route 66 partner and co-founder Dave Francis in a press release. “Regardless, those who attended not only enjoyed the Hyatt Gainey Ranch, but also left with a renewed understanding of ‘WE >ME’ and what role we... Read more

GM Hopes to Invigorate Midsized Truck Market

September 24, 2014 by · Leave a Comment 

GM’s Colorado and Canyon mid-sized pickup If you looked at a graph of midsized truck sales over the last, say, 30 years or so, you’d notice a big meaty peak of 1.4 million in 1986 followed by a steady, pitiful decline every year thereafter. According to an AutoWeek report, by 2013 the chart shows only 250,000 for the entire segment which, when compared to the massive, meaty, multi-million-truck full-sized segment qualifies as about a pimple on the keister of the whole truck market. Only... Read more

Open House Generates $1B in Sales for OEMs

September 22, 2014 by · Leave a Comment 

  RVs cover the grounds at Hall of Fame during Open House From sold-out hotel rooms to massive sales of RVs, the annual RV Open House keeps getting better and better. As reported by the South Bend Tribune, the show ended Thursday (Sept. 18) with most participants headed out of town by Friday. More than 4,000 visitors, mostly dealers, came to the Elkhart County area last week for the open house, where 2015 models were on display at manufacturing sites as well as at the RV/MH Hall of Fame. The... Read more

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